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Search Tags: The Cyber Security Report
National Security Advisor Susan Rice has sent a strong message to the Chinese. During a speech at Georgetown University, she said, "Cyber-enabled economic espionage hurts China as well as the U.S., because American businesses are increasingly concerned about the costs of doing business in China." U.S. Intelligence officials have been sounding alarms about China's high tempo of economic espionage for more than a decade.
You've heard of Stuxnet --the destructive computer virus unleashed on Iran's nuclear facilities. It was believed to be the world's first cyber weapon. But now we're learning that it has a twin --and the twin actually came first and started eating away at Iran's nuclear facility at Natanz years before the more public version we learned about in 2010. The bad news for Iran's nuclear programmers is that it's not really clear how broad the Stuxnet family is.
CYPTOLOCKER is a type of Ransomware that restricts access to infected computers and requires victims to pay a ransom in order to rescue their computers from criminals who take them over. It's so sophisticated that one US police force was hit by the virus and forced to pay a ransom using a new virtual currency called bit coins. Pfishing emails --which look legitimate, with subject lines like "payroll or package delivery" are the usual method of delivery.
Every day it seems there's a new Cyber Security threat. Everything from ransom ware to zero day issues. Cyber security insurance has been the way that companies have tried to offset the risk of online attacks and data loss, but the insurers were missing the information they needed to convince potential clients to buy their products. But now threat intelligence is helping them gauge the risk that potential customers might encounter.
A self-described "hacktivist" will spend 10 years in prison for illegally accessing computer systems of law enforcement agencies and government contractors. Before hearing his sentence, an unrepentant Jeremy Hammond told a federal judge that his goal was to expose injustices by the private intelligence industry when he joined forces with Anonymous. "Yes I broke the law, but I believe sometimes laws must be broken in order to make room for change," he said. The Chicago computer whiz and college dropout insisted his hacking days are over but added, "I still believe in hacktivism as a form of civil disobedience."
Google is warning U.S. lawmakers that U.S. spying operations risk fracturing the open Internet into a "splinter net" that could hurt American business. In the first public testimony before Congress by a major technology company since former National Security Agency contractor Edward Snowden disclosed top secret surveillance programs, Google said it should be allowed to provide the public more information about government demands for user data.
Adobe Systems Inc. says that the scope of a cyber-security breach disclosed nearly a month ago was much worse than initially reported. They now say attackers obtained data on more than 38 million customer accounts. The software maker also said that hackers had stolen part of the source code to Photoshop editing software that is widely used by professional photographers.
Singapore's government is on heightened alert for cyber-attacks after threats from claiming to be from international hacking collective Anonymous defaced several web sites in the city-state and threatened further action. "Government agencies have been on heightened vigilance and have enhanced the security of their IT systems in response to the declared threats against the government's ICT infrastructure," the Infocommunications Development Authority of Singapore (IDA) said in a statement.
Israel's military chief Lt. Gen. Benny Gantz says computer sabotage is a major concern and he warned a sophisticated cyber-attack could one day bring the nation to a standstill. In fact, a month before his address, a major artery in Israel's national road network in the northern city of Haifa was shut down because of a cyber-attack by a Trojan horse. Key operations were knocked out of commission for two days causing hundreds of thousands of dollars in damage.
A British man has been arrested in England and charged by the United States and Britain with infiltrating U.S. government computer systems, including those run by the military, to steal confidential data and disrupt operations, the Associated Press reports. U.S. prosecutors said the alleged hacker, Lauri Love, infiltrated thousands of computer systems including those of the Pentagon's Missile Defense Agency, the U.S. Army Corps of Engineers, the U.S. space agency NASA and the U.S. Environmental Protection Agency.